Question and Answer to Mike on "CEO in the spotlight" on...

Question and Answer to Mike on "CEO in the spotlight" on TopStocks.com.au :-

Mike,
Back in May JUM announced a profit upgrade and based on those results I am expecting a combined JUM + TMS NPAT result in the vicinity of 1.7mil + for the last financial year.
That said, I believe that JUM completed the purchase of TMS towards the end of May so I am expecting that the revenue contribution to JUM for the last financial year will be approximately one months worth ????


Response From Mike:
Yes that's right - the accounting rules stipulate we can include only 1 month of TMS in FY05 results. Some people may get confused because they expect to see the full 12 months of TMS but there will be only 1 month.

This of course doesn't change the fact that we are now receiving the benefit of both JUM and TMS results going forward.